Crude Oil ended the month at 87.75 supported by tensions in Iran and Syria along with a recent terrorist act in Bulgaria that the Israeli’s are blaming on the Iranians. This month the oil embargo went into full effect without any major problems.

Highest: 93.25

Lowest: 82.12

Difference: 11.13

Average: 87.84

Change %: 5.28

As eco data continues to report negative growth and falling manufacturing especially in China, the demand on crude continues to decline.

At the end of the month with hopes of stimulus from the FOMC and the ECB prices were well supported.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more recent analysis and information in our weeklyreports and we provide daily updates and outlooks.

Crude Oil Inventory (EIA)

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.5 million barrels from the previous week. At 373.6 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 2.2 million barrels last week and are in the lower half of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories decreased by 1.0 million barrels last week and are below the lower limit of the average range for this time of year. Propane/propylene inventories increased by 1.4 million barrels last week and are near the upper limit of the average range. Total commercial petroleum inventories decreased by 7.2 million barrels last week.

Total products supplied over the last four-week period have averaged 18.8 million barrels per day, down by 0.1 percent compared to the similar period last year. Over the last four weeks, motor gasoline product supplied has averaged nearly 8.8 million barrels per day, down by 3.4 percent from the same period last year. Distillate fuel product supplied has averaged about 3.5 million barrels per day over the last four weeks, down by 2.4 percent from the same period last year. Jet fuel product supplied is 4.1 percent lower over the last four weeks compared to the same four-week period last year.

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

FX Empire - The company, employees, subsidiaries and associates,
are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website.The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price.FX Empire bears no responsibility for any trading losses you might incur as a result of using any data within the FX Empire.